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Social Significance of Marketing

Instructor Elissa Vaughn

Elissa is a professional content writer with a certification in inbound marketing, BA in history, and a decade of experience in retail sales and marketing.

Marketing plays a significant part in society. In this lesson, we will explore the social significance of marketing by discussing its impact on consumerism, social status, and how it reinforces our personal values.

Stop and think about one of your favorite childhood items, your school backpack. Try to recall the different styles you have sported over the years. Did you go through a superhero phase in elementary school? How did your backpacks' style change when you entered high school? As you start to answer these questions, you'll begin to recall more specific moments that influenced you.

Brands Market to Our Needs as Consumers.

Marketing is comprised of techniques that are used to make people aware of new products. Products can be physical, a service, or virtual, which means they can be anything from video games to gym memberships. It's the job of marketers to sell these products through the use of marketing tools, like internet ads, viral video commercials, blogs, and product placements in TV shows.

Marketing has the Ability to Reinforce Our Personal Values

Have you ever purchased a product because you liked the values it stood for? Did half of the proceeds go to animal rights activism? Was it manufactured with green energy? Were the ingredients strictly organic? Personal values are those beliefs and ideals that are important to you. Examples of personal values can include honesty, kindness to animals, environmentalism, fairness, veganism, and political principles.

Marketing has a significant impact on buying decisions and personal values, but it also impacts social status. A social status is a person's position within a group. The job of marketing is to make you want something, and one of the tools companies use to sell their products is to your perception of status. For example, a TV commercial for a medical training program may advertise that their program could lead to a higher paying job, which would suggest an increase in social status for the consumer. Improved social status is incorporated strongly into fashion marketing as well, suggesting that if you can dress the part then you can live the part.

Marketing creates close connections between brands and people based on consumer needs, social status, and personal values. Marketing can be as loud as a flashy TV commercial or as subtle as organic product packaging. As you continue to invest in products that fulfill your consumer needs, improve your status, and speak to your values, marketing will continue to do its part in reinforcing those elements in your life. This creates a cycle of influence and reinforcement which gives marketing significant power to shape people and society.

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